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Regime: Mixed. The VIX at 17.10 suggests elevated caution, yet US equity futures and crypto are bid, while yields are ticking higher. Today’s market themes: CAD CPI data driving BoC rate expectations Persistent US real yield strength pressuring Gold USD/JPY intervention watch remains elevated The setup: Canadian CPI is the immediate…
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Where we are: The Dollar Index (DXY) is trading around 100.81, holding steady after a slight dip overnight. This level keeps it near recent highs, reflecting a resilient bid that has largely shrugged off broader market sentiment shifts. We’re seeing a tight range ahead of the US session open, with little…
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Where we are: The S&P 500 futures are trading slightly higher at 7576.25, building on Friday’s strength which saw the cash index close at 7500.58. This puts us just shy of recent all-time highs, with the market seemingly shrugging off prior volatility. Overnight action has been muted, with European indices showing…
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Where we are: Gold is trading down 0.53% on the session at $4223.3, struggling to find footing as US real yields continue their ascent. The metal has shed some of its recent gains, trading below its prior New York close and testing intraday lows as the New York session opens. We’re…
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Where we are: EUR/USD is trading at 1.1465, down 0.03% on the day and hovering near recent lows. The pair has seen a tight overnight range, failing to recapture the 1.1480 mark and sitting below the prior New York close. We’re looking for a catalyst to break this inertia ahead of…
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Where we are: The Nasdaq 100 futures are trading up 0.40% at 30841.75, building on a strong prior session that saw the cash index climb 2.48% to 30406.19. This leaves the index firmly above its prior New York close, pushing towards new highs as we head into the US session. The…
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Where we are: GBP/USD is trading at 1.3272, up 0.26% on the session. The pair has recovered from earlier lows, finding support as the New York session gears up. We’re currently sitting above the prior New York close, with intraday price action showing a tentative upward bias. The overnight range has…
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Where we are: USD/JPY is trading at 161.75, up 0.29% on the day and pushing towards the upper end of its overnight range. This level is a stone’s throw from recent highs and well above the levels that triggered significant MoF/BoJ communication last month. The pair has surrendered all gains from…
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Where we are: The Dow Jones futures are trading up 0.20% at 52114, building on Friday’s gains and holding near all-time highs. The cash index sits at 51565, also in positive territory. We’re seeing a steady tone as we head into the New York open, with the market digesting overnight moves…
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Where we are: USD/CAD is trading at 1.4152, up a marginal 0.02% on the session, largely consolidating overnight gains. The pair remains within its recent range, hovering just above the 1.4100 psychological level but well below last week’s highs. We’re looking for direction ahead of the key Canadian CPI print. What’s…
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Where we are: Bitcoin is trading at $64,964, up a solid 2.72% on the day. This move has pushed BTC above its prior New York session close and is testing key intraday resistance levels. The overnight range has been bullish, with buyers stepping in early to drive the price higher. What’s…
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Where we are: The FTSE 100 is trading at 10417, up 0.52% on the day, building on overnight strength. It’s currently trading above its prior New York close and is pushing towards the upper end of its intraday range. We’re seeing broad-based gains across the index, with financials and commodities leading…
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Snapshot: AUD/USD is trading at 0.7013, down 0.04% on the day. The Reserve Bank of Australia’s hawkish hold stance, with inflation still above target and the board retaining hiking optionality, remains the dominant domestic driver. Markets are awaiting key domestic CPI and labour force data this week for further policy clues.…
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Snapshot: WTI Crude is trading at 74.55, down 1.71% on the day. Last week’s EIA US Crude Stocks data showed a significant draw of 8,263k bbl, the primary domestic driver. Today’s high-impact catalyst is the 08:30 ET Canadian CPI print. EIA US Crude Stocks: 418,222 k bbl (excl SPR), a draw…
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Snapshot: The Nikkei 225 is trading up 1.55% at 72354, driven by continued strength in AI-linked Japanese firms. The Bank of Japan’s Semiannual Report on Currency and Monetary Control, released early this morning, provided no immediate hawkish surprises, allowing the rally to extend. Nikkei 225 at all-time highs, driven by tech…
